#401k

I was let go by USB and now finally am settled in my new job. What is the easiest way to rollover your money from the U.S. Bank 2010 Cash Balance Plan? I have already rolled over my 401k from Fidelity but the funds from the U.S. Bank 2010 Cash Balance Plan seem more difficult to rollover.

If you got laid off, how would you handle your 401k? Are there rules that need to go about?

... just not Legacy Xerox folks. That's fu--ing delightful.

Have you looked at the 401K investment changes on the email from Monday? Seems like they are narrowing down our choices. And it’s odd that there is a Schwab IRA option. Aren’t they a competitor?!

Just curious.... What's your current retirement.

I'm 50 and my 401k + Pension combined is $2M.... 18 years with CVX

I would like to obtain more benchmarks. Feel free to share. TY

I was laid off waited for the severance PTO bonus all that jazz and I couldn’t be happier. I am officially retired. I can now enjoy my life without all the Wells Fargo drama between Social Security 401(k) and other investments. I’m making more than I did at Wells Fargo I’ve been in many engineering jobs And Wells Fargo is nothing but a joke. I am really glad to be gone.

if you are at least 59 1/2 years old you can do an in service (meaning you are still employed) withdrawal from our 401k into a rollover IRA without any immediate tax impact. If you are younger I believe you are stuck until your employment with the company providing the 401k ends.

There can be downsides to moving money out of your 401k to an IRA, mainly getting in the way of future Roth conversions (affects all ages). This is also a consideration in you are in the pension and are considering a lump sum payment, to be rolled into an IRA. If this is like reading Latin to you please run it by a tax or financial advisor beforehand.
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@gd+1k97nhk3h

Did they announce a change?

Can we just assume we’ll have none of these benefits anymore?

I never heard of Empower so I checked them out and this is what I found: https://www.trustpilot.com/review/www.empower-retirement.com

“We are confident Empower is a better long-term fit for CareFirst’s 401(k) plan and will provide an improved experience for all part participants”.

Does anyone know what changes we can expect come January? PTO, insurance, 401k match? When the remaining 1000 layoffs will happen?

Guy named frank took over the company and bled dry. Got away with all your 401ks.

So, after getting the RIF, if you've been there less than 2 years, you will not be fully vested in the 401K program; if you've been there less than 3 years, you won't see the additional 4% so all that money you thought you were getting according to your Fidelity account is a complete joke.

Your account will show a "forfeiture" for the matched amount. I think some of this RIF mess is to avoid having to match folks' retirement contributions they tout so highly as a "benefit."

If you were let go yesterday so you get your 401k match or bonus? I almost think they did it yesterday so they don't have to pay those 2 out. Thoughts?

Per the title, if you have or are in the process of retiring from Fidelity and meet the rule of 70, what date did you pick and why? I know to receive your profit sharing and RHR contributions, you need to be an employee as of 12/31. If you have shares and/or bonus eligible, it would likely be pro-rated for every other full quarter. So many retire in the spring and I don’t know if I’m missing something or did you just want warmer weather? 😊 TIA

AI chatbot told me, when I put in my particulars, that the gains foregone from the switch to annual match from quarterly we used to have is about $1,500, since missing out on getting money in during the lower levels throughout the this year, assuming S&P closes out the year at current level. Thanks Charlie, and the "special award" ain't gonna make up for it, even if we're around for it to vest. Especially given the big lump that would have matched Q1 on the bonus period contribution. And most companies match per pay period, so annual is a real stiffing.

Anyone else log into their savings and retirement summary page lately?

I see an alert/info icon that says “Need to initiate a 401(k) rollover to another company? If you are looking to withdraw your savings, you may want to consider rolling it directly into another eligible employer plan or an individual retirement account (IRA). You can learn more here or request a rollover if you are ready.”

Certainly making me more nervous. Is this a sign? Anyone else see this when you log into your benefits?

There is a WSJ article today about companies deducting employees' contributions but not depositing the money into their 401(k) accounts. Has anyone here experienced this? I haven't checked my 401(k) closely, assuming everything was okay.

Just saw email taking about the changes upcoming during enrollment period. Atleos mentions about the “staggering increases in healthcare” requiring an increase of rates.

That’s now a double whammy as they took away the benefit of being healthy (non smoking, sugar levels, etc) providing a discount on healthcare per pay period. Smokers actually benefited the most cause their rates came down!

Add that to worsening 401k company match, things keep going in reverse.

Can anyone who has been laid off or taken the package shed some light on what they plan to do with their 401k after their end date?

Most deep dive analyst are now predicting bankruptcy as soon as 2026. Even with stock going so low nobody will buy the company.
Get what you can out of the pension fund now.
The cuts were just a show, most were at or near retirement age.
With no raises and flex PTO and no 401K match in 2026 is a sure sign of bankruptcy planning.

You can’t even register because their site is unable to send you a PIN by text. Ghetto AF. Sigh…Why are we treated so poorly?

Does anyone know if Wellsfargo will give the 401k contribution in Dec if decide retire this month.

I guess I was a sleep at the wheel and misssed this announcement. Did anyone hear from Oxy about the new rules for the catchup portion of our 401K. It looks like you might still be able to add to a Roth, but I used the pre-tax catachup for years now since I am older and could use it. I guess the govt needs more upfront tax dollars. This is an extra 2K a year I will be paying in taxes. Glad I am retiring in 2026.

https://www.foxbusiness.com/economy/some-americans-lose-popular-401k-tax-break-major-retirement-rule-change-starting-2026

In 2026, will HCSC offer a Roth 401k as the result of the Secure 2.0 Act, which requires catch up contributions for high earners be made only to a Roth 401k. Here we are in Q4 and I haven't heard anything yet. I believe if no Roth 401k option is available, then the high earner employee is not allowed to make catch up contributions. Curioyif anyone has heard anything on this from HCSC?

With the ill-received change to the 401k employer contribution*, I wonder how many people are waiting to retire at the first of the year so that they can get the 2025 contribution.

Principal is having a major outage with no ETA for when you will be able to access your retirement fund.

October 2023 : “ By 2026, Xerox projects a rise in operating income by at least $300 million (€285 million), reverting to double-digit adjusted operating income margins”.

October 2025 and the stock price if a quarter of what it was at the announcement time above, already having dropped by half over the prior 5 year average.

SteveB will say it is on track, he will say the Lexmark acquisition is key to the future growth, but this was not in his plan two years ago.

Does the. Lard really believe the continuing change of rhetoric from the CEO. The SLT all nod with appeasement, no one dare disagree, but all happy to take their pound of flesh and stock options ( although each time a worth less and less ).

No merit increase, frozen 401k.

What belies the future - will we get anything from the upcoming Q3 release ?

Nice job WF displacing people on 9/30 so they aren't still considered employees on 12/15 (with their 60 days notice) to get the entire year of 401k matching!

“But look at the stock price” was used as something of a justification for decisions like RTO and veneration of Stankey. Looked today though and the stock is effectively flat since early March and down vs. 6 months ago. S&P 500 is way up in that time period. Thank goodness I move my 401k match out of T and into investments that actually do something (for now)

so nice to wait till 3 months before the year is over to suspend 401k match while executes are getting big bonus

What happens if I resign during the first week of Dec (just to be eligible for 401k match), then the year end performance review happens and my manager had already decided to give me 5 rating?

1. Will I be able to serve the 30 day notice period, get the match and leave in Jan first week
   or
2. Will HR say all 5 will be let go before 12/31 including those already resigned?

Forced to give me 90 days warn
I got job starting week after warn ended
You built policy saying no 401K match or bonus due to effective dates. Lol
Now you get to eat my 30 weeks of severance

Your dirty policies failed. Nice try no cigar.

https://www.forbes.com/sites/kellyphillipserb/2025/09/26/how-to-navigate-retirement-savings-if-your-company--suspends-401k-plan-matches/?utm_campaign=forbes&utm_medium=social&utm_source=bluesky

Wondering which date I will most likely be hit. Guessing 10/14 to avoid 401k match, but who knows.

The entire Home Solutions area was robbed. We were moved to the “one home “ division and under their benefits. We lost 8 PTO days, Juneteenth holiday, and Black Friday holiday. We also lost VTO day making that 11 paid time off days today we lost. Our 401k will move to Centerwell with a match of only 3% so we lost 4.5% match. We lost half of our secure save so $260 a year lost. Our personify is now a lottery with a chance to win money so we basically lost that $500 . We have a 50% decrease of our life insurance. We have increased premiums for higher deductible plans. We did not agree to move out of the Traditional Humana benefits. We were forced and told they would give us a lump sum and an increase of hourly wages. That lump sum and minimal wage increase do not add up to all the losses. We want our traditional benefits back!!!

When we were told that they were cutting out some of our PTO,VTO, 401K and holidays to allign to the industry standard, I asked myself why are we not LEADING the industry standard. That is how quality staff is retained and businesses grow.

I had saved this off and thought I'd post it for anyone looking for info about the 401(k) match. The second bullet point has the details for those 60 and up.

Change to Eligibility for Company Matching Contribution Effective January 1, 2023, to be eligible to receive a Company Matching Contribution you must contribute to the Plan and meet one of the following criteria:

• You are an active employee on the last day of the applicable Plan year (an active employee for this purpose is defined as an employee who is currently employed or on approved leave of absence, excluding long-term disability), or

• You terminate employment during the applicable Plan year and, as of your employment termination date, you have attained the age of 60 with the sum of your age and vesting service (in both instances, full and partial years) at least equal to 65, or

• Your employment is terminated without cause on or after October 1 of the applicable Plan year and you are entitled to receive severance benefits pursuant to The Bank of New York Mellon Corporation Supplemental Unemployment Benefit Plan ("SUB plan") or under such other severance agreement or policy governing the termination of employment from BNY Mellon, or

• You are approved for long-term disability benefits during the applicable Plan year under a program maintained by the Company, or

• You die during the applicable Plan year and are an active employee at the time of death.